WELCOME CHURCHES REPORT AND FINA￿CL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NO: 1177344 WELCOIME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trllstees are pl¢ased to present theirallnual report togetherwith the fitMnc1￿ statements of the rhaT5ty for the year ended 31 March 2025. The financial staiemertts ¢OTnply the Charities Act 2011. the Memorandum atsd Articles of Aswiation ￿ld Accowiiing and Reporting by ajarities.. Statement of RewmJn¢n(kd Prnctice gpplicable to chariiies preparing their a¢¢ouDts in acrordance the Fillancial Reporting Stsndard appli¢able io th¢ UK apd Republic of IrelatKi IFRS1021. HAIR, Helping to welcome ￿rUstes and people seekin8 a$ylum is a profound privilege, and I continu¢ ¢0 b¢ amazed by the UK Church's geneTOUS and whol¢he4rtd r¢spons¢. This ycar alon¢. we supported 18,718 individua15 ayTiving at OUT doorsteps-people seeking refiL8e attd safety from pla¢¢5 such a5 Ukraine, Afghanistan, Iraft. Syria, Holl8 Koft8, El Salvador, Colotnbia, Nicaragua, Pakistan, Somalia, Eritre4 Sudan, and beyond. As ¢hur¢h¢s hav¢ Op¢n￿ th¢irdooT5 in welcome, they have also been richly blessed by the presetkce, faith. and resilience of those they have re¢etved. One powerful ¢K4mple isZahr4 who fled Irandue 10 persecution forknchtistian faith. A￿)ving in th¢ UK alone and fearful, she was mei at her asylum hotel by hcT forrner gym trainee from T¢tLran ai just the nght nwttterti. This r¢m8rkable encoullt¢r l¢d Zahia io a local church where she found wamith, belonging, and a Dew sens¢ of hope. Today. she is a cherished memb¢r of that rhuTGh family. attending Bible studles, prayer meeting5. and volunteering regUl￿]y. This year. we also developed 8 new 3-y¢ar strategy r￿ted in the IYelcomeJournep-our model for how r¢tuge¢5 become part of both local churches and wider commuDlti¢s. The journey includes four key stages.. Arrtve. Connect, Integrate. atld Thrive. knival is often sudden and nctrtaitt but is an Jmportant titne for raising awaren¢ssof ourwork and theopportunities offeTed by ¢hurth¢$ in our network. In the co#￿tel stage, relationships begitt to foTm and tru¢ trnTh5formarion Can sian. Jn the Iniezroie sthge, the n¢w Xrrivals grow deq>er learning 18nguag¢and culture in the contextof friendships foTg¢d thwugh church. Thi5 all builds towards the vision of Thrive-a ftjtsjre where every refugee 15 fully w¢lcomcd, valued, and, for Some. participaiitt8 in the life of the local church. In a y¢Ar n)ark¢d by uncertainty and unrest-sncludLn8 the attnoutkcemeni of th¢ Rwarth Plan and th¢ Tise in far-r￿bI riots-we act&1 quickly to support ¢hur¢hes aajd PTOtnote peace. RecogDisitt8 the uryent need foi conneelion and guidan¢¢. w¢ parlnered with the Lawyers. Christian Fellowship to equip Churches T¢sour¢¢s for supporting those at risk of removal and launLhed Come, Sh4rre. apjd Pray. 3 w¢¢k-long prayer initiaiive. Our Ollline Churche$ Conneci aes$ions on th¢ Illegal Migration Act brou8ht over 140 people tO8ether for iefieetion, leorning. 3nd support. In ttse wake of rhe summer riots, we ho$t¢d onlin¢ ¢v¢nts including Prayingfoy Peocg in ihÉ UK and Promoling Healing Upjiry Amidsi Noiiopiul Unresi. To cot)tinue building Te5ils¢nct and Kconcilialion, we launched th¢ *'irtding ihÉ Peace pmjc¢T with Redeemitt¥ OUT Con]munitie5 IROCI. supporting churches lo be a kiealth8 P￿sente in divid¢d CoÈTttnUniti￿. W¢ also launched several new projeets that txpartded our r¢arh and d¢¢petI￿ our impact. In Sepiernbcr, we introduced a tsew Youth 5¢Ctioo on tht Find Youi. Weleoine website. providiog 2ccessiblt inf0m￿tion on h¢aJth. mental wellbeing, and education in eL8ht lan8u2ges. We ptsblishd Finding My Syoy.. Livtrtg in the UK. a muliilingllai book designed to support Afghan and Iranian t¢¢aagers 05 they adjusi to life iti the UL while also equippiDg p￿￿1$ and twhers tts bridgc c￿ltUral differences. To strengthen telationships and build Tefug¢e leadership within churches, we bost¢d s¢v¢n in-p¢r50ll Coitnecl Days across rhe COUDty. As part of our wider peacebuilding ¢fforts, w¢ also piloted the 'I'M noi being fvNny, bui... suNey pioje¢t-an initiative that invites open and honest ¢onvetsatior)5 about ry)igration. By creating spae¢ for people to express the￿ 4uestion$ and ron¢enJs. w¢ are h¢lpiEig churches engagc more deeply with public aititsjdes atLd respond with greaier empathy and understanding. LCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED JI MARCH 2025 {CONTINUED} In March, we said farewell to Emily Sh¢pheTd, who st¢pped down Is CEO after several years of iysionary leadership. Emily leaves behind a lasting lega¢y of st￿￿8[hened refugee support, (kepen¢d awareness around rn¢ial justi¢¢, and ih¢ growth of intercultur&l rninisiry across ow network. We aTe isnmen5¢1y grateful for her dedication and heart for this mission. W¢ w¢re d¢light¢d that James Lynch has joined us AS OUT n¢w CFO in Jvne 2025. With decades of experieD¢¢ in refvg¢¢ mini8try and a deep love for the ChuTch. Jam¢s brings fresh ¢n￿gY and clear vision for Ihe road thead. He is eag¢r lo build on all that has been esiablithed alld to lead Welcome Churche$ ittto tts Hext chapter of 8rowih. unlty, and Iran$fornistioo. Ch*ir of Tru$t¢e$ OUR PURPOSES AYD ACTIVITIES Our Vl$lon WclcoJkK Churches, vision i5 for every r¢fugee in the UK to be welcoD)ed by a local thui¢h. Tbe long temi change Welcome Churches wants to see 1$.. Eiefugees thrivin8 itt th¢ UK Eiefug¢es following jesu5 Refugecs fully Ènvolved in Churches Strategy ond Actlvltles 0￿ stTatw and ￿tIviTieS focused on: > In¢i¢asiDg Ihc number of refi]gees welcomed actross the UK > Growing the Welcome Network in ¢#ch Tegion > Empow¢rillg r¢fvgees tbrough iniegration, spiiiwAI gllid20¢4 ¢ommwii¢y engagement. and leadership deVelOp￿ej1t > Growing our iefu8e¢-facuig Work > Dev¢lopin8 projects that $upport Afghans arrivitlg in the UK > Promoting peace and reconciliation in eommuniiies aff¢¢t¢d by onti-lmmigration Thetoric ProJ¢£t Updates The Welcome Network Central to our missioo is the Wel¢ome Network, a twtionwide coalition of churches d¢diCa￿d 10 weleomillg refuge¢s. These churches octively seek ways to support refugees p¢opl¢ %¢¢king 45ylum arriving in rheir commwjiiits. OUF illt¢ractive map featu￿5 thes¢ churches. making it casy for refv8ees, people wkipg asylum. ag¢nci¢5, and individuals ro loc4te 8 welcoming ehur£b i# their ar￿. Over the past finan¢ial year. the Welcome Network h2s continued to gr help add[¢55 the key challengss of in*graiion at)d leadership. Fittd Your Wel¢o¥ne Project and UKHK are oui rthgee-facing initiativts, each desiglled to suppi)rt differeni groups of refvgees, asylum seek¢rs, Ènd n¢w auivals. WELCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (coNfiNU£D} FIDd Your Welcome In response lo em¢r8irtB #eeds. w¢ ¢xpalld¢d our multilingual digital resources for refugees through FiwlYotyrWelcy>me.org, whith reccivcd 29,834 ￿Sits over the past yeaT. The site provides essential guidance on housin& healthcare. education, eJnploytneni and TfK>r¢, helping refugees navigdle life in the UK. Atound 25°/• of th¢ tot¥1 referT¥l$ we r¢c¢iv¢d this year were made through FindYourWelt'ome.org. Teflecting growing trust and awareness withitk rtftjgee ¢ouununit1¢5. A major developmellt in Septsmber 2024 was ihe launch of a tjew Youth Wlion, offering tailored content on health, ment21 wellbeing, aod l¢arDing-av#ilable eight l*)gu*8es.' Arabt¢. Eoglish, Farsi, French. Pashto, Spanish. TigTiny&, and Ukrainian. The FlndYourW¢lcome.org websiie consolidalcs infomiaiion previously available under the Afghan Wclcomc and Ukr8Jne Welcome initiative%. This F¢fug¢¢-fa¢ing si* is traTr51at¢d into mulitple languages, providing n¢w arrivals with e5seThtial infornjation about life in the UK and facilitating wnnections with local people througFL church refertals. gb*ll Project Thi$ yeaT, a k¢y milestone in our Afghan Projecl was the publi¢Ation of Findihg My Woy.. LiviHg in the UK-a multiliDgua] booklet designed forAf8han ITartiatt *¢ndgers. Available iti English, Farsi, and Pashto, the booklet explores topics such as school life. farnily relaiionships. and emotional wellbeing, helping yOUDg peopl¢ adiwsl to life in the UK while staying connected lo their cultural id¢tLtity. It 3150 offtr8 litts to useful olllille resources for teens, pat¢nts, and t¢achcr5. In Augusi, we rcleased a 3-ye*r impgct report vldeo refl¢ctkng on th¢proj¢cl'5 work Since the Ttsliban regaiD¢d control of Afghanistan in 2021. Additionally, the Welcome w8S deliv¢red fiv¢ li￿¢5 in Dari. Farsi. and Pashw, with a roial of 62 pY4rtidpAnts enga8illg its thls foU[￿ational inlToduclion lo life in the UK. In February. to help Churches Celebrate Nowtu2 with Iranian. Afgbw and Kurdish ¢ommttnities, we Tel¢as¢d tt $¢t of NoiYrn¥ resourtts and a greetlng eard, sUPPOrted by a Ck¥rehe$ CoNneL* Erploring Nowr¥z C¢lebMIio and a podc*st eplsodt, Discoverimg Nowru£-' A Guide lo C¢lebr(¢ript & IVelconti4WZ im a Chtsr¢h Conlat. UKHK Our try(HKprojectis dedicated to w¢l¢oming British National IOvcT5easl IBN(011 visaholders from Hong Kon8 who have r¢¢¢nily rnov¢d to th¢ UK. The project connects Hongkongers with lo¢al GhuTchcs. creat¢s inforn)ative maierials aboui lift and culture in the UL and traitts local thur¢hes to understsnd meet the needs of the new atTivaSs from Hong Kong. Ov¢r ihe past y￿. our UKHK project has tontinued to support Hong Kong¢T5 5¢tt1illg in the UK through a range of r¢souF¢es and initiatives. Th¢ Welcome Course was run 10 dmes across th¢ ¢ouutry, helping 63 p8rticipaDts build friendthips. improve convcrsailonal English. and l¢arn about British culture. We also distrib￿ted o%tr 70D tople8 of the Welcomt M48t7uNe to newly atFived Hong Ko#8 families. off¢ting ¢hildTe*) a fuo and 2ecessible inin)duction 10 life in the UK. To furthcr 511PPOrt wlturdl UDdeT51anding, we released a podcast tplsode itl Jonuary tiil¢d CelebMringLun&rNew Ye4r with FrtendsfromHohgKo#2, helping h￿￿h¢S engage m¢aningfully HonB Kong communities duriti¥ key culrural moments. F£ndlng the PeA¢e L¥unLhtd th Au8U5t 2024, FiAdlng the Pe#¢e is H joint initiative by Welcome Churches and Redeeming Our Communities IROC) to promote h¢alin8 8nd reeonciliation in communities affect¢d by unr¢st anti-immigraiiojk thets>ri¢ through lisietting and relaiio]Jship-building. A key achtcvement of the Fiiidiiig tke Peace initiative thi$ year was the Successful la￿nch of th¢ pllot "I'JU notheiMgf¥Rlly, buL.."survey, de5Lgned to support local churcFtes in respondin8 10 ri¥iELg l¢nsioDS #Jd polariscd views on migration. Launched in Jattuary 2025. the survey creaies a safe space for indivsduals to share honest thoughts and questiorts about migrants, tefugees, and peopl¢ sceiung asylum particularly important in o ¢lim2te where many feel unsure or fearful of expressin8 th¢ii views. VEI.COME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {coffflNUEDI Three ¢hknr¢he5 t(￿k part in the pilot phase, wilh 55 responscs gath¢r¢d. Th¢ r¢sylt5 revealed both deep comp&8sion and ￿COgnItion of Ihe C£￿trIbUtl0[￿5 r¢fugecs make, as well as coneems around publkc 5¢ryic¢s. inlegration, religion, aDd border col￿r01. The feedback thi5 pilol 15 now shaping the developmetjt of thc next phase oFthe project, which w511 invite more churches to participate in meaningfvl convewtions 8round wel¢omey justice, and reconciliatlOA. Achltvemthts: ONr Yt*r in Review May 2024 • Response to the kwanda Pl4n Corne, ShaTe, Pray prayer m%lings Gerb¢ral Election-related resources June 2024 Refugee Sunday resources and videos released August 2024 Support foT GhuTth¢5 in rcsponx to far-right protests at)d riots Held PTay¢T meetsng for peacc in rhe UK Launch of Finding the Peace • Release of Af8han 3-yeaT impact r¢port and video Sept¢mb¢r 2(fr24 Promoting Healing and Unity Amids1 Nxtional UJJTest ¢vent for churche5 • liefu8ee Advisary Partel fontt¢d • Youth settion on Find Your Welcome web51te launched . FindiDg My Way booklct released Oetober 2024 Northcrn Ireland Steering Group fomJ¢d • Northcast Churches Conttect Day tn New¢￿tle • Organised Southwest Lhurchcs Conn¢et Day in Exeter November 2024 • London Churches Connect Day Equipped to Welcome, Enabled lo Belong in Northern Ireland De¢¢mber 2024 Christmas resource5 and videos, and Chrisi2nas card$ in diff¢T¢Jt languag¢s January 2025 Podcast epjsode Celebrating Lunar New Year with Friends from Hong Kon8 '5'm not b¢ing fiinny, bui..., pilot 8urvey lawjched Febrktary 2025 • South Wales atjd Southwest Churches Conncct Day in Newport Nowruz resouT¢es greeting cards released Mar¢h 2025 •Northwest Churebe$ Coolle¢i D?y in Cb¢s¢er Scoiland Churrh¢5 CoThD¢Ct Day in Glasgow P￿bIk B¢fyefit These activities extnd the soc5&1 inclusion of refugees and people seekittg asylum. Thu& the irustees confirni that they hav¢eomplicd with theirdknties under Section 17 of Ihe Chaiilies Act 2011 with regard to public benefit. WELCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED JI MARCH 202$ {CONTINUED) R¢vi¢w Ineome for the year to 31 MaTch 2025 was £405.52612024.. £388,464). Expettdiiure lor the year was £384.18012024.. Expenditure £601.8851. Total ￿ndS ctmed forwaTd at 31 March 2025 were £288.304 {2024.- £266,958) of which £97.442 w¢re r¢5tEicl¢d fu]Jds12024: £198.589}. Res¢rve$ Poll¢y Brlef St*temeDt ol tht Charlty's Poltry on Rtserv The trusiees of Welcome Churches tetognis¢ th¢ importanc¢ of a reserves policy to help d¢moDstrJ* good stewardship and financial managemcnt a#d to mana8e Ils reputation. Our policy is lo rerain sufficient resetves.. To en5ur¢ thai W¢lcome Churches has sufficient fi]Lds io tneet its fittattcial commitments. To demonstrate that W¢lGom¢ Churcbcs 15 ￿staInable into the fiitUTe. To ¢nsur¢ that W¢l¢ome Church¢s is able to manage future unforeseell financial th'fficulties. To ensure Ih8t excessive funds aTe not held without wjy id¢ntifiabl¢ rea50n or purpose. Welcome Chw¢h¢s aitns to &lways maintain a minimutn of 3 months. reserves for unte5tri¢ted eKp¢nditure. This is r¢viewed by rhe tNstees ott a qllarierly b&sis, Èrtd in attordancc with OUT Tescrvcs policy. Amount held In reservts Atth¢ end orth¢ r¢portltt8 periixl the ch2rity held £190,862 12024.. £68,369), or approximately 17 months. worth of re5erve$ b&5d on average unr¢striclcd eKpenditure over the year. The tna$i¢¢$ ¢on$id¢r thai tbis LS g reasonable level of reseTres. Anvestment Polity Th¢r¢ is Yery littl¢ fixed invesimenr in the chartty at the eurreni stage of the ciwity's wwth. The charity uses the Flagsione ptaifomi to spread risk a¢ro$$ differ¢#t bath and g¢n¢rate higher inl¢rest on funds h¢ld. undrits*ng Our ful￿raiSIng plan5 are approv￿ by ttust¢es and monitored by the leadership ieam. Most of out inc¢m¢ 15 g¢n¢rated through charitable doJJations that we reCei￿e from individuals, huwhes and ¢rusls. We Are Eomnjitted to the bigh¢st siandards of thndraising and follow the Code of Fundraising Prarlice. W¢ are regulated bythe Fundraisill8 Regulator. Th¢r¢ wcre no failut¥s IocoTnplywitb this Code of Praciice. We do nor sell, trade or swap data with other ¢haTitie5 or OTgani.sations. We do not mke Lold telephoneealls lo the gen¢rdl public orus¢ SMS 8s pan ofour fundraisxng portfolio. This year, we Ttc¢ived no complaints rclated to our fundraising. During this fLnancial year Welcome Churches engaged the servi¢es ufpTof¢s$ion21 fwidtaisus as defined by 8cction 58 of thc Charitie$ Act 1992. S¢rvice5 were Provided at a total cost of £3.727 {2024.' £43J08). Fundlng Sources We are ineredibly 8taieful for the ¥en¢rous donalions of all our supporters and forthe work thai they do in bringing our shared Yi5ion to fvition. WELCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21125 (CONTINUED) Each of thes¢ individuals. churche5 and 8Tant makuw ttwsts plays a valuabl¢ rol¢ in off¢ring a w¢lcome to refugees and people seekill8 asylum itl the UK. Welcome CtauTch¢s could not exisi Wfthout their geneTo$ity Future Plan5 This year, we havc developed a lltw Weltome Jo¥rKey framev4ork to shapc OUT 81rategic priorities for Ihe next three years. Th¢ Welw￿¢ loumey Outli￿e5 the S￿SeS Ihai refugees and people seeking wluttL rypically go thmugh as ihcy becr>me part of both the Itcal chuT£h and wider cvtnTnufLiry'. Avive. Cowteei, IntegroLe. and fkrivE. Based this model. we now prioritisiog our aLtiviii¢s to focus where sUPPOrt is Tnost neeikd. The Connecr stage-where relationships are built and a setts¢ of b¢longing b¢gins-iS pariicularly crucial and therefore form$ the h¢att of our strategy. We have com￿lited io dir4%ting aPPToKimately 50/v of our energy a[￿ r¢sources io this siage. with 25V/o fi)cused InlEgrale. 150/0 on Arrive. and IOQ/a on Thrive. By alsgningour Welcom¢ Netwtsrk, training. and resources with this framewts￿. we aim to belter eguip Lhurch¢5 acTQSS lh¢ UK to walk alongsidc refugees and people seeking Èsylum at every stsge of their journ¢y. Artrlvt -prlor to th¢ Inltl*l TNeeting between 4 refugee A thurth. ln the AFTive stsg¢ of the Welcatne Journey, w¢ will focus ott creaiin¥ paihways foi Lo￿n￿lI0n before T¢fug¢¢s and pcoplc scckingasylum find a local Church. Thi5 include5 ¢xpandiThg the r￿h of ourmultilingual Find Your Wel¢oMe w¢b$lt¢, with a goal to grow vislts by IOQ/• Annually fmm the Cur￿￿¥ average of 2JOO visits per month. We also plan to increase undastandin8 within ￿ chur¢h¢s by producing and promoting an annual UK ImmlgrxdoD Repfjrt, airning for 1,0011 r¢ader5 in th¢ first y¢ar, wilh growth thrgeis tn subsequent y￿r5. To d¢epell the Church's theological conviction around wclcome, we will cotjtinue ￿ distribute and promot¢ the ReftsgÉe$ IM God's Srory resouree. with a target ¢f 200 l>ooks in year one and I￿/D growth irt distribution earh following year. Additionally. we will mainrain regular engagemetti through Refugee PFuyer Hour mt¢ting5 every two months 8JJd release ont Love the Strllttger podeast episode e*e mottth, fostering ongoing Teflcction and I￿￿1]ng &cros8 the Church ¢()rnmuJity. Conneet- Regul*r engagement And resources in the first weeks of Wekome. In th¢ Connecff stage we will focus otsr vv¢r the ll¢xt three years on growing the number of ￿0p￿t connected to a local chuich through our T¢ferral system. with a target of wel¢omlllg 1,100 lttdAvldu#l$ ov¢r th¢ COTning ycar. We will al80 Increase the rtutnbeF of ChTi5ti3ll5 and churches ctively en¥ag¢d in off¢Ting a cros5-¢ulluraL tr*um8-infotm¢d w¢lrome by equipping I,OOU p*rticip&nts through trdining, prdycr gathtTin8S, and 5etninars yeaT. To reTna5D fesFK>nsiv¢ to global displacement, we will develop a flexibl¢ crisis response plan. enabling us io support churches during futhjre refv8ee etneTiieTiCj¢S. Our target for Ihe coming year is to grow the netwoTk to 1600 thurrhts and ensure that at least JO•/• of tkeje betome Welcome Plus ¢hurch￿thoSe proactively reaching out ￿ supp)rt new arrivalg th¢ir ¢tstnmullities. Inttgr#t¢- Ongoing support and dis¢ipleshlp. ltt the Inlggrule stage, IkUT focus is on h¢lping r¢fug¢e5 people stxkitig asyluttj build stable, ¢onn¢¢trd lives within their church and wider communitics. Over the ttexi Ihree yeats, we will continue to strengihen and expand our inie8raiiort re$outc¢s. including l¢gal guidance. w¢llb¢ingattdtraumasupp)rt. discipleship lools, alld cultu¥&lly s¢nsitiv¢ materials such as the Fiftdtng My Woy book for t¢nagw5 the lookiiig Ajter Myself wellbeinR vldeo. We plan lu dtvÈlop oJe new resource, Improve one X15ting re￿Urce, and tranilAte our m*t¢rS*ly into on¢ ¥ddilional refugee laDgu*ge ¢ach year. A key priority is to rel&un¢h ond gTOW the use of WelcoMe¢o the Word. our cross-eulmral Bible study tool, with a goal for JO /• of network ¢hurches tobe using it by the endof the three- y¢&T Peri￿$. Wc arc currently revising Ihc rc$ourc¢ gnd p13n to launch the first slage in the coming yegj. We will also erthance th¢ promotion and accc55ibility of our re8ources- -such as Ihc Welcome Cours¢ and our Churches Conneci evellts-to beller 5UPPOrt ￿tegratiOn and d18cipleship. Alongsid¢ thi5, we will continue coaching churches and makittg itt-p¢rsoD wsits. WELCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ICOF4TIf4uEDI Thrive- Nthork Support to d¢Y¢lop l¢ad¢rs disciple mikers. In th¢ Thrive stagc, over the t)ext three years, we aim to suppon refugccs io bccome fully involved in the life of Ih¢ir local chwches 9ndcommuniiies. Our Yision is 10 see Tefugee$ Dol uuly w¢lLorned, bul a150 reCO￿lSed as leaders. disciple-makers, atsd culÈural contributors within the Church. To address the practical and spiritual chall¢ttges r¢fvg¢¢5 often face-including acc&￿t0 community, faith development, and l¢ad¢15hip patlLWayS-we will coniinu¢ runnittg Churches CofthéetDtTp that c¢l¢brnl¢ ihc wle of refugees in church life and inspire mu￿al leaming Wc plan to entourage and equip at least 16 Andlvlduals from a r¢fuge¢ b•ekground over ihe coming year ro aciiveLy colliribuie io thcir ehwches through iTh-p¢r8on ¢￿'ents and leadership oppominities. A key part of our stra*gy is lfjve$tlng in Staff from refugee bxckgroundy, whose eKpeTieH¢¢5} p¢rsp¢ctive5. and connections io the global and persecured Church cart inspiie the wider UK Church and model whai thrivingcan look like. We will coTrtinue WOTkin8 clos¢lywiih our Refugee Advl&ory Panel to ensllre this work is shaped by Isvcd expericnce and fosters long-ieTtn growth and tTansforn>ation. Funding and Su5talnablllty AS available fvrtding opportunities acTOSS the charity 5Xtor continue lo deelitte. ensurihg long- term $usiainability IS IDOTe importani than ¢ver. With a growin8 number of church¢s in th¢ Welcome N¢tWOTk and rising demand for multilitt8ual resobrtes and dir¢cl Support, we are rDmitt¢d to strengthentDg and divetsifying OUT infQTne streams. Thi5 itLclude5 iThcreasing tnjst arid government fundittg, expandittg in¢ome Ihlvugh paid training programmes, and building a more robust irtdividual giving bas¢. We will in¢Tea¥e our bas¢ of one-off donors and re8ular b*v¢rs and grow OUT church income thn)ugh the Mission Partners programme. Participating in J)aTional tundraistng campaigns like the Big Giv¢ will also play a key role helping us meet the incr¢asing deinajjd for our woik. LCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {CONtINUED) REFERENCE AND ADMINISTRATTrT DETAILS: Charity Numb¢r'. 1177344 Registered OtTice'. Bridg¢ Hou Riv¢rside Court Pride Park DE24 8HY Our Ad￿sor$ Independent Examiner.. Matt BTady FCCA TC Group Cliffe Hill House 22-26 Nallinghatn Road Stspleford Nottingham NG9 8AA Bankers.. Th¢ Co-OWative Bank Service T¢am PO Box 250 Ske]mersdak WN8 6WT Trustees Th¢ tNsttts who served durJn8 the ye8r were as follows: _ T￿￿tte$.. MaTiOD Kn¢ll ICILair of Tru5t¢¢$) Andr¢w DAvid Smith (Apwin*d on 19.J.25) Elirtor Gag¢ (Appoint￿ on 9.10.251 Nathaniel Jer￿￿￿$ Ali Saee G¢org¢ Hathlad Jonathan Dywn Alex Jones Mark Nigel Mutnfoid Patrick lohnsttsne IT¢gigned 10.07.2024) H¢ndrika Cooke Iresiglled I1.12.2024} Responsible for day to d*y rutlning of the Charity.. Emily Shepherd (nee Holden) CEO (until 20.03.2025) Tim tEege Interim CEO luniil 01.06.20251 JaTn¢5 Lynch CEO (from 02.06. 20251 Governlng Docurnent The Chariry was sei up by a Trust D¢cd 85 3 charitable organisatioD regist¢red with the Charity Commissioyj on 27 trcbnthry 2018. AppointmeAt of Trustee5 2nd Tralnlng Thtre were two new TnL$te¢s Appointed during the yw- Andrew Smith and Elinor Gage. A]1 trnstee$ ar¢ giv¢n a cl¢aT rol¢ description upon appoitttment. and we disaL8S the roles attd r¢sponsibilities of a tNsiee as outlined 00 the charity commisston website. We i¥ill ert5I]re ongoing traintng for ttw8tees ts carried out duTing the yar. WELCOME CHURCHES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {CONfLYUEDI OrgADlsatlfyD l Runnlng of the Charity The Board of Trustees convene$ at lust four tiTn¢s p¢r year. At these mtttjngs, the dJrecti)rs agree the sirategy. politi¢s and ar¢as of activity and monttor perfomiance atmt iisk. ThB management of day-to-day activities is delegated to the Chief Executive Officer. The Tru$t¢¢S give Iheit time voluniarily and receive no benefjts. Relkted Pgrties ond Coop¢r*rfots wlth Othtr OTg&ni$4tion5 Co¢Tliiions.' Welcome Church¢s 1$ grat¢ful to th¢ parfncTShips that have helped to shap¢ and deliver key proje¢ts this year. These include.. Redeeming Our Communities. Bible &)cieiy. OMF. Memberships.. Welconr ChurGh¢s is i memb¢T of Ibc tollowiJ)8 8roiip$.' Evangclical Alljance, NACCOM. Global Ctsnnections and MAP Risk Management The tru51ees periodically review important areas of fIt￿tICIa[ risk. Oth¢r ar¢AS ar¢ regularly reviewed. such ds skJ"Ils. policies and financial proced4]r2S. io WELCOME CHURCHES R£PORT OF THE TRUSTEES FOR TIIK YEAR ENDED JI MARCH 1025 {CONTINUEDI Trnrtt*i' RespoHslbllllSes In r•l&tl¢o to th¢ Flu*￿¢141 StitemeDts Th* Tmsleea Bre resport%ibl¢ for p￿pAnD9 ihe Report of ihB TDJstee8 and the FinAncial Statements in a¢corthn¢¢ applI￿bI¢ law And UThi￿d KithBdom G¢n¢r4lly A¢￿￿ed A￿o￿ntIn¥ Prqcii¢e. Th¢ l#w applicable io chariiies in Ensland anJ W)]r5. th¢ ChaFiiie5 Aa 2011. Cl￿ty IAm)unts 4NJ Reports) Re8uilliions21XI8 ortd iheprovision ofih¢Ttusi Dced reqlliretheTTusiees ￿prepAre financilllM*rnents foreach rinJn¢ial year which 8lVt a grdc and fllirview ofih¢ sfait tsfatfair4 ￿Tih¢Ch￿Jty und ofthc iD¢omjns r¢5¢)UT¢e5 and appli¢*tioM Qr resou￿e5. incI￿ainS ihe incoine and txpendiiurt of the ChayiEy for the finlftual year. Jn ptewJinu ihosc firt4fteio1 $ttst¢nwDLS. th¢ fru5tCB5 roqu5rcd ty.. S#l¢ct sui¢#bl¢ Kwunlin¥ polKIcs 4ndapply Ihem Lons)s￿IlY Observe Ihe meihods Bnd pri*¢iplts in Ili¢ appropriaic chariii¢5 SORP MAkr judsrments es1imatv4 ihai are reasonable and PTudcni Stsit whuhtr applirJbT¢ ￿coun11￿&T stsiidards have bcen foll(>wed, subjeci LQ any rnaJer?al dcpnrtUTe5 Ihdi rn￿Si be disclosed aftd expl4in¢d irt ihv fin¥nci?I statements Pttpare iht Ilnanci&l 6L%*Ell¢ni$on th¢ basis unless 14 Is INippfopTk4* 10 PTCS11rn¢ thHt the ChTrritywill coniinue operatioft Th¢ Trusicos feSPOnSibl¢ for mttiDtaTrniD¥ Ihr prow orcLwuiJRg r#ord& whi¢l) dis¢ltys¢ r¢owttabl¢ aecurncytsiany tim¢ ihe linancial position ol'theCh&rityand lo enable them ￿ en5urethai ihc fin4ncioI 5wkm¢nts COMp￿Y with the Cli&fili¢¥ Ari 2011. They 8r¢ alw responsible for sale8uaréiDg Ihe 45¥C15 of the Cliarity Ji hvn¢c fDrtukins Te&wnAble 51eps for ihe prevention and d¢ttciion offtatsd and otherirre¥ulatities. Thi5rcpirthasb¢enpr¢pai¢d iiia¢¢tyrd4n¢r Wigh the Swtcmcni ofR¢convnEnd¢d Pr#¢ii¢¢'. A¢¢ouniiNI R¢porti•$ by Ch8riDCS. Approv￿ by th¢ tlollrdofl"rus*cs on............ . and si8ned on itsbeh￿t by CThair.... WELCOME CHURCHES Independent ExamlDer's report to thé Trnsttts of W¢l¢ome Chur¢hes I report ott the charity Tn￿te￿5 on my examin81ion of the aceounls of the company for the year ¢ndd 31 MarGh 2025. Responsibllltlts and Ba$is of Report As the chatity's Trustees {and also its directors for the purpose of comp8ny lawl you are responsibl¢ for the preparation of th¢ accounts in accordance with the Te4uiremettts of th¢ CompJnie5 A¢¢ 2006 {'the 2006 Act'} and Charitics Act 2011. Having satisficd rnys¢lf that the accounts of The Company are not required to be alldited voder Part 16 of the 2006 Act and are eligible for indepertd¢rti examination. I r¢port in r¢sp¢ct of my examination of your charily's a¢counts as carried out under secljott 145 of th¢ ChaTit1¢5 Act 2011 I'the 2011 Act.). In carrying out my examinatiun I have follow¢d tli¢ directions giv¢n by the Charity CommissEO* undtt seciiott 145151{bl Of the 2011 AGL Since the company's 8ros5 incotne ¢xr¢¢d¢d £250.000 your examiner Jnusi be a member of a body listed section 145 of the 2011 Act. I confjrn) that I am qualjfied lo urtdertake the examination becftu￿ l am a m¢mber of the Association of Chartered C¢nifLed AccounLqnts. which is on¢ of the list¢d b￿li¢s. Independent Examlner's Statement I bave completed my exatniDalion. I confllrn fbat no EDatters have come to my atte￿[10￿ in ¢oJJne¢tion with th¢ ¢xamination giving me cwse to believe'.- AccountLII8 records were not kept in respect of the Cotnpany as requ￿] by section 386 of the 2006 Act; or The accounts do not accord wittrL those record5', or The accounts do rtot ¢omply with the aceoullling requirements of seclioJJ 396 of tlke 21x16 Act other than any req￿l[¢￿¢￿t$ that the ￿COUnts give a'true and fair view. which is not a matter ¢onsider¢d as part of ￿ independent ¢xamin&tion', or The accounts have not been prepared irt aetordanee wsth the tnethods and Principles of th¢ Statement of recommetidcd Practice for ac¢ounting and ¥¢portsng by charitkes (applicable to chariiics preparit18 their accounts in ac¢oFdance with the FinaDcial Reporting Sthndard applicable in the UK and Republic of IT¢l&nd IFRS10211. I hav¢ no concerns and have come across no other tnatter5 ]n with th¢ ¢XaTnination lo which attention should be drdwn in this report in ord¢r to ¢nable A proper ullder5¥anding of the accounts lo be reached. Mt M Brady FCCA TC Group Aecouatants Cliffe Hill House 22-26 Nottingha￿ Ro#d Stspl¢ford Nottingham NG9 8AA 12 WELCOME CHURCHES Statement of Financial Attlvltles (including ljktome Expendlture Account) for the Year Ended 31 March 2025 Restrlcted Totsl VuNds 2025 Ullr¢sirlete Funds 2024 Totsi Fundi 2024 Funds 2025 F￿ndS 2024 Nott 2025 Irtcome Gra￿ts, & Lty&eie¥ 243,867 140.J70 384,237 99,122 259.139 358.261 Ibtomc frorn chxritxble 8tdYttit$'. 13,144 6.048 16.656 13.508 30.164 FundTatsln 95 2,1rf)2 2,097 39 39 Total Royources 257.106 148.420 405,526 272,647 388.464 Expendi￿re R&i$iRg Fu]yJs Charitsble A¢iivities SuppDrt Costs 39,737 132 39,869 78,791 314 79,105 58.406 37.379 198.072 256,478 84.415 339.719 417.134 TotAI xpethdlthre 135,522 248.658 384.180 199817 601886 Nei In¢0m¢￿Xpe￿dIturt Net Moyemellt ID Fund 121.584 1100,231} 21,346 184,0(M)I {129,4221 (213,4221 Reioneiliation DfFunds Transfer bdw¢¢rt fill￿¥ S4)9 (909} (6,4541 6,454 Balance Broyght FoYw*rd l Aprll 2024 198.589 266 958 158 823 57 Totsl Futtd Balxnc Carrltd Fonyard 31 Mareb 2025 ID& 190 862 198.589 266.958 13 KLCOMt CHVRCHES BgltAc¢ Sb#r •? *tJl M%reh 2025 1024 Flx¢d Aiiet TBngibl¢ Asws 825 2.461 C.¥rreml kn Debtors easb4t b¥nk aftd St￿k 14,622 282,174 16,9M 26Y.614 C.NdiioT&.' ¥JnouNis fall?Ii¥ due withinotteyt4r 287,479 264.4tyr Noi A¥¢t& rjellernl GL'nerul Purp()sts IUY).Y62 Re¥trlciod 97.442 IY8J89 2M.958 lth with ge¢iiDn 141ofuK LhRriiies Att1011.￿trW￿￿c0n5iduth* ihÈ¢hAYiry ix fJThn 411 avdit forthe y¢at JI MwL'lI20 Approv¢d by on.. . ... .. . ¥nd iiara Ojb its behlfbr.........-.....-...... Chsirol'lru31 Mariott WELCOME CHURCHES Notes formlDg part of the FfinaD¢lal St*t¢mtttts ror the Year Ended 31 Marth 2025 Attounting Policies The principal accouDting policies are summari5ed below. The aecounting poli¢ie$ hAve b¢¢nappli¢d Co￿18¢entlY throughout the period. B&sis of PreparatEon, uj accordance with applieable charity law Th¢ finattcial staiements have been itt ac¢ordan¢e wth the A¢¢ountkng aEui Reporting by Chariti¢4 Siatement of Rccommcnded Practiee applicable loch3riti¢s Prep￿ing theiTaccounts inaccordanc¢ withtheFinancial Reponing Stsndard applicable in the UK and R¢public of Ireland {FRS102} (cfftclive l January 20191- (Chanties SORP IFRS10211. As$¢ts and liabilitie5 are initially recognised ar historical cost or traftsÈction value unl¢$$ othenw5e sialed in Ihe relevatti aL¢o}znt￿g policy notds). Welcotne Churches me¢ts the definition of a public bettefit ¢ntity under FRSIO2. COINC COIYCERN The Ttust¢¢$ ¢onsideT that there are no material uncenainties about the Charity's abslity 10 Continlle as a 80ittg con¢¢rn. The financial statements are present¢d in ￿tr11ng 1£). Incoming re50UTtes All incoming resources are in¢llld¢d in the stat¢m¢nl of financiaj activities wheti the charity is entitled io the It￿O[￿e attd the amount can be quantified with reasonable aecura¢y. The followjng specifi¢ polities &te applied io particulaT ¢Èt¢gtsTi¢S of ￿COme.. Voluntary income is receiv￿byW&Y ofgtaTrts donations and giftsandi5 included in full in th¢Siatement of Fijwicial A¢iiviti¢s when r¢ceivabl¢. Grants. where entitlcment is not conditional on the delivery of a specifie perfoTtn8nc¢ by th¢ charity, are reCo￿lsed wbert the charity becomes uncothdilionally entitl¢d to th¢ gr8nt. Donated service$, 80(Mts ond facilities ar¢ recognised as income when the charity has control over the Itetn, Bny conditions a5%>ciated with the donated item have been mei. the receipt of economic benefit from the us¢ by the charity of the item is probable and that e￿I10Ml¢ benefit can be tn&isured Teliably. Ollr¢ceipL dotlated services tttd fa¢iliiie$ ar¢reCo￿lI￿¢d orl th¢ basis ofth¢ vajueof the giftio the charity which is the amount the charity would haye been willtng lo ply to obtain 5¢rvic¢5 QT facilities of equivalent economic ben¢fit on th¢ open ]narket: a coTh¢sponding atllount is then recognised in expendiD&re in the peTiod of r¢ceipt. Incoming resources from charitable trading ￿tivity arc accounted for when earned. Incoming T¢sourc¢s from grants, where relatsd 10 performattce Ènd $p¢¢ifie deliver8bl¢$, ￿¢ a¢¢ount¢d for a5 the ch&rity eams the right lo ¢onsideFaiion by its perfortnance. Debtors aTe inGluda to rq)resent vmounts recognised as outstandittg to the charity at the year end date. Cash and bank balances are stated as the a￿Ount$ kld al th¢ Ckiarity year-end dat¢. 15 TLCOME CHURCHES Note5 formlnt p*rt of the Flnandil Stattm¢Ttts for the Y¢ar Endtd 31 Mxr¢h 2025- C•ntlMu¢ Resour¢e4 ¢xpethd¢d Expenditure is reco8rtised on an accrual b35is as a liability is incutTed. ExpendiNre iThcl￿des any VAT which cannot be r￿0Vered and 15 rtported a5 part of the ¢xpendiDJre to which it relates'.- Costs of weraiJn8 funds comprAse tbc c05t5 as50Ci8t¢d wilh attracting granrs income alld donatioos. ch￿Itable expenditure Compriw those costs irJcuTreA by th¢ ¢haTity in thc d¢liv¢ry of its activities and services for Its betxeficiar¢¢s. It includ¢5 both costs th81 can be alliJcat¢d direcily to such acuvtties and those costs of an Indiiect natur¢ necessary to support them. Governance & support cogts include those costs a550¢iated with mecting the con5tithtional and statutory requirementsof the ¢hatity include tb¢ llld¢p¢ndeni Examination fees andcost5 lit￿ed to the sir2t¢gi¢ Erw￿gement of the charity. All costs are allocited beNe¢n the ¢xpcnditur¢ ca*gori¢s of the SOFA on a basis desi￿Cd io reflect the use of the re50ur¢¢. Costs r¢latirLg to a particular activity are allucated dire¢iSy.' others are apportioned on )n appropriate basi5. Allocation of Sllp￿rt C<>st$- Support Costs are those functions thai a85iSt the w￿k of the charity bui do no( dire¢tly und¢rtak¢ charitable activities. Support C051s include back office costs, financt, petsonnel. payroll and governance costs which support the thariry. These ¢osts have been )Ilo¢ated b¢tw¢¢n cost of raisiJJg hjnds and expendittlTe ott ¢lwilable acliviti¢s. The basis on which support cosis have been allocated are s¢t out in notc 4. Tanglble Flxed AsStt$ All fLx¢d assets are capiLilistd ai cosi. wh¢re ¢on$id¢Ted apprnpriate to capitslise. Th08¢ purchas￿ by specific gifts and grants have been wnlten off fi]Ily in the year of gift. Depretsation is provid¢d at th¢ following annua] rates itt order to write off each asset over its estim21ed us¢ful Itf¢". Office Equipment 25¢A on cost Fund B* led Fund Unrcstricied filnds ￿¢ donatlOll5 oth¢r incoming Ttsources receivable or genualed for the objects of the ChArity without furth¢r sp¢cifi¢d pulpose and arc available as get)er&l funds. ated furtds Desi8nated fullds ar¢ uwestricted fi]nds ta￿ked by the management tommi1￿e fot partic￿lar purposes. Restricted Funds Restricted fijnds are io be used for specific puTros¢s as laid down by the donor and are subje£ted lo restrictions of their expenditur¢ iTnpos¢d by th¢ donor or ihrough ihe terms of an appeal. Th¢ rharity operates a defJn¢d contribution pension scheme. The assets of the stherne are held separal¢ly fri those of the charity in independelltly admijllstrared furtds. CoLtributi0rt5 payable for th¢ year are 5hoiwn in the statement or rinancsal atliwities. 16 TLCOME CHURCHES P4otes form&ng pArt of the Si*t¢m¢nt$ fot Ibe Ye*r 31 M*r¢b 21b25- CoDtiDued Debtors are recognised at th¢ 5¢tt1¢ment amount owed to the Chariry or pr¢paid. Cr¢dilors Creditors 8ttd provisions aT¢ TKognised where the Charity has a present obliBatlOn Testslting from a past ev¢nl thal will PTobably result in the tratksfer of funds io a thsrd parry. artd the amount du¢ 10 settle th¢ oblig￿lI0n can be measured OT estimated relltbly. Creditors and provision5 Br¢ nonually T¢cognised 8t their settlement amount. Finaneial Instsijment The Charity financial assets 2nd finan¢iAI liabiliiics of akindthatqualify a5 basic flnancial instNment8. B&8ie fjnattcial iJ)sments ar¢ initially T￿0g[Itsed &t transaction value and subsequendy Jneastsred ai their $ettlem¢JJt valuc. Jud ernent and Ke Sources of Esti]JJati neertaillt The prepatat2on of accounts using gencrally accepted acco￿ting principles requires managemertt to make estimates and assumptions that affect the reported amounts of 2ss¢ts and liabilities at the date uf the accounts and tkte r¢ported ￿noUnts of revenues &nd expenses dutittg th¢ reporting period. The key estimates ard 35WmPtions uscd in the Financial Statements are dettiled in the attourtting policies. 2. Grants Dongtlons and ikgitle6 2025 Total 2024 Total Unrt5tr1cted Restrleted GoveTnment Grant Pamer Funding Gr&ni Funding Church Donations G¢n¢ral DonatLOEIS 75.886 17.020 120.403 2.121 826 17.020 271,(M>8 22,377 73.832 384.237 150,605 20,256 203,691 18.234 243 867 358 261 3. Tncorne from Chirltsble Attlvlties 2025 TotAI 2024 Tot UDrestrltted Rutrlcted Oth¢r Inwtn¢ ParLneT Churches Evettis lrttome Pwduri Sa1¢5 tncotn¢ Invcstsv¢Dt Income 39 39 49 3,165 13,660 952 1,400 2,842 5.890 158 7,290 3.000 19,192 30.164 17 WEI£OME CIIURCHES Note& formlllg part of the FIDancial StatemeDts for the Year 31 Mireh 2025- co￿tIN￿¢d 4. Expenditure Unregtrlcttd Expend2t¥re R¢$trl¢ied Expenditure 2025 Total 21b24 Total Fllndralglng Costs FundTaisirtg Ar￿￿tT¢S Staff Cos¢5 8,217 31,520 132 8,349 48,133 30,972 132 Costs dlrettly *lloc4ted to ¥ctsvitie5 Siaff Developmtnl and Recruitment C05ts Websi* and System$ Costs Film, PR atjd Media Other Project Expenditt]Te Travel and Refreshments Siaff Costs Cotttractor Costs 410 12911 2.940 13561 2,240 53.463 1.729 5,345 553 10,679 8.470 169,057 2,239 2.139 5,054 3,493 10.323 0,710 222.520 2,437 7,263 29.983 46,896 27,468 298,740 198072 256 478 417 134 Support Costs OffLce Space Design Cosis Offire and phone Costs Insvr3n¢e Baak and Card Char8es TrUS￿eS, Expen8es Imeetittg ¢osts) Staff Cost5 IT attd Strfrwkrt Costs P8yToII and Professional Fees Audit and Accounting Fee Miscellzneous Exp¢ndih]T¢ Depreciatton for th¢ Peri( Rexlloc*ion of sUp￿>rt costs 5.860 850 6.710 7,509 300 1,585 1.233 2,135 767 70,618 13,55S 920 3.018 1,995 2,ts12 1,001 1,510 463 537 55,887 7.327 700 2.376 .228 1,636 41.146 1,239 2,240 1,520 463 537 55.887 14,498 700 2,376 1.276 1.636 7,171 48 41,146 18 WELCOME CHURCH&S Notes forthing p4rt of the Finantial Statement% for the Year End¢d 31 M¥Tcb 2025- CO￿￿￿￿¢d S. St4ff Costs ind Numbers 2025 2&24 Salaries Pertsion Costs Employer's Na120Lal Insurance 276,219 13,324 20,384 309.927 357,611 17.226 25.493 4(M).330 Aver&ge number of paid full ar￿ part tim¢ cmployees in the year 13 Average TrUEE)b¢r within pen5ioTh scheme 12 Totsl remuneration of key Man￿¢T￿ent personnel the period £143,523 £136 687 No employee reteived emoluments of th#n £60,(KIO in the y¢ar. 6. Try$te¢ Remuner4tlon and Related PY4rty TraDsadlon$ No emolumenis were ￿e1Ved by the Ttu$t¢¢$ ¢ith¢r in their capacities as Trusttts or &% members of the Board of Trusiees. There were expenses paid to Charity tru5te¢s from the futtds of the Charity tot&llillg £531 12024.. £7671. Gifts were paid to all trustees in the period tolallin8 £5 {2024.. £11>0I. Tntstee giving in th¢ finan¢ial year toialled £36512024.. £50SI. There are no other related party Iransa¢tions other than those disclosed in Note 13. 7. TAiatlo As a Charity. Welcome Churches is exempi from tsx OD iticome attd8aiti$ falling within 5¢¢tion 505 of the Taxes Act 1988 OT 5256of the Taxatjon ofchargeable Gains Aci 1992 toth¢ ¢xt¢nl that theseur¢ applied to ils charitable objects. No tax charges have ari$ett in the Charity- 8. Tanglble Flx¢d Assd$ Colt Offlce Equipment BalaJ]c¢ Brought Forward at l April 2024 Additions 9.232 At 31 March 2025 DepreclatEon Balattce Brought Forward at l April 2024 Charge for the year 6.771 1,636 At 31 March 2025 Net Book Value At 31 March 2025 Ai 31 March 2024 825 2,461 There We￿ no tallgkble as￿[$ don#t¢d duting th¢ yea[ that were capitalisa and all assets aT¢ held for tbe furtheranee of the Charity's objectiv¢& 19 LCOME CHURCHES Notes formlng part of th¢ FlTh*ne5*1 St*temeDts for the Year Ended 31 Marth 2025- Cotttluu 9. N¢gllgence InS￿rg￿te The Charity hold Trust¢e IndeThnity lllsurance and paid a premium of £948 irt the year. The insurance cover L5 included within the w4)ol¢ policy for the chartty which provides Cover of up to £250,0W. 10. AnAIy51s of Net A$8ets betw¢¢tt r￿Dd9 Year E March 20 G¢ty¢ral Fund Restricted Tot¥1 Total bulld F￿Dd 2025 2024 Ftxed Assets Cujyeni As$eis CuTheThl Liabilities 825 204,506 14.469 825 301,948 2.461 291.612 27,115 97,442 A￿elS at 31 Mar¢h 2025 190.862 97.442 266.958 Ertded 3 Genergl Futyd Restrlcted F￿tsd Funds Tot¥1 Fwnds 2024 2023 Fixed Assets cU￿e￿I Assets Currettr Liabiliti¢s 2.461 93.023 2.461 291.612 4,473 507.447 198,589 N¢t Ass￿$ at 31 March 2024 198 589 266 958 480 380 11. Movements in Funds Ended 31 March 2 Balwnce Incoming blfwd 1.4.24 Resources Outgoiog Resourees At31 Mxr¢h 202$ TrAn8fers r4restrl¢t d F nd Getterai Fund 257,106 257 106 135.522 135 522 909 909 190 862 Hospiialiiy Pledgel Weleom¢ Homes Afghall Emergen¢y App¢il Network Operation5 ChuTch Engagcm¢nt 2 UK HK CollsortLUDI Welcome Conference Church E#gagem¢nt NI Work¢T B¢n¢faci Trust Midlat￿S Worker Church Ett828ement 3 Finding the Peace Wel¢om¢ to th¢ Wo Passionists Regional Conferet%ces I,S02 76.041 3.271 58,888 6,673 242 15.484 62,041 15.771 56,489 17.740 16491 24,999 3,935 20.1)QO 6,620 18,(KK 2,809 5(K> 13,740 (14.￿￿} 12.5 58,153 17,021 60.552 5.954 (6491 24,999 595 20,000 6,620 4,397 20,0(KJ 1.057 20,0 18,111M) 2,809 2.500 6,000 6.798 148 420 2.000 6,000 4,919 248,658 198 589 909 20 LCOME CHURCHES Not¢s fomlng p*rt of the Flts•ncl#l Statements for the Ye8r Ended 31 Mar¢h 2025- Contlnued I l. Movemtnts ITh Fund5- continued Year Ended 024 Balanee Ineomlfftg blfwd 1.4.23 Re$ource$ At3] M8rth 2024 Resources Transfers Unrestrlcted Fund5 General Fund 158 823 158,823 115,817 199,817 199,817 6.454} {6,4541 68.369 ricled funds DL UHC Government Grant Hospiialjty Pledge Afghan Emergency Aprtal P4¢twork Op¢raiiot)s Ttme 10 Shine LK HK Consortium Wel¢om¢ Confu¢llce Church Engagement Church Engagemettl 2 Cost of living SliPPOrt Cost of lÈving $upFxirt 2 NJ Conf¢renc¢ Nl Worker Benefaci Trugt Mid12ttds Work¢T 29,933 17,275 231,738 75.886 88 38 22,500 10,528 200 10,812 25.000 58,888 24,874 99.146 50.861 120,735 19.229 19.972 5,858 18,364 26.994 {6,6731 35,0(N) {35.(th1 .502 76,041 3,271 9,900 5,658 {516) 6,673 7.SS2 6,673 26,993 24.999 58,888 24.874 3,743 7,81N) 20,000 3.161 7.205 {S821 595 20,0(K) 670 321.557 272,647 6.454 198.589 ent i - A Goven*ment grant from DLUHC for helping ncw ￿TIvalS from Hong Kong iDl¢gr4te socially, tducalionally and irtio workplaces - A Gmt for promotiJJ8 radtLal hospitality in the UK ¢hurrh eal - An Emer8en¢y App¢al for wppTrrt of Afghan r¢fugee5 fleeing from Kabul In the evacuation. Thi8 included prdctieal lo¥i$ti¢al 511PPOrt and providing wrap arout)d care for Afgknans in hotel$. promoting integration and social whesion. Network it T#ti(>ns- A grant for promoting the operdtion of th¢ W¢l¢ome N¢tWOTk and the 5y$tems supporting Timc to Shit)e Pro eci-A g￿ll[lO providean opportunity foran intern from a refugee backgrouJMItO 8ainvaluabl¢ experiettce in th¢ charity sector. UKHK Consonium - A 8rani for providirkg a w¢bSLle and mobdising churches to welcOn￿ new arrivals from Hong Kot)8. Wel ¢ C nf¢renc¢-A granr for running a Weltome Confer¢ryc¢ foi refu8e¢s and chuTCtLe5 plvs tickel sales for thc eveni. Church E DI-A grdnl for fimding the H¢ad olNaiional Development and developitsB th¢ Clmwrh EThg&8ement T¢om. hurch En suppo emettt 2- A grant for fvnding and expanding thc Church En8&gemeni team and associated 21 WELCOME CHURCHES Notes forrning part of the FlnAncSAI Stattmellts for th¢ Y¢•r Ended 31 M#relL 2O25- CoDdnued C t ol livitl su rt- A 8rant supportitig admirk 51aff 8nd nujnttkg costs durillg the cost of living crisis. Cost of livirt - A grant to COV￿ expenses and training of Church Enrdgemertl staff duritlg the cost of NL Conference- Funds rais￿ ftsr a confer¢uce in Nonhern Ireland. L￿E- Funds rdised to support a Chw£h Engag¢m¢nt tea￿ member itl Northern Ireland. Bencfaer Tru51- A grant toward5 th¢ ¢xpan5ion of the Church Engagement team. Midlands Work¢r- Funds raised to a Chw¢h EDgag¢rn¢nt *am member in the Midland8. hurch E ement - A grnnt toward5 th¢ costs of the Church engagement team i* the Midlands and the church ettgagem¢n¢ admirkistrdtor Èndi the Peace- Fwjds rkised fot the Findirtg th¢ Peac¢ project in areas affected by ihe 2024 &nti-asylum seeker riotin8. This project 55 joindy itl collaEKtyTation with Redeeming Our Communiiie& W rd- Fund8 raised for the developmetht of a Bibl¢ Stydy ¢ourse for b¢giMeTS call¢d 'W¢lcome lo tbe Word, £QlliSL- A gratlt iowards the costs of the aiurch engagement t¢am in S(puthern Engl#t ional Conference - Funds raised for ¢onf¢r¢r)c¢s in difftrent ￿gIOnS of the UK 12. Donat¢d Assets OffLCC and Meeting space worth £25(M) was donated for th¢ u5¢ Of.. £120 for Samuel Luak by W(K)d$ide ChuTch. Bcdford,. £480 for Patrick Purdy by Bethany church, Finaghy., £2(iO for London CEO interviews alld meetings by Ev2rtgelicAI AIIiwK¢ £200 for London Trustees meetin8 by Lnndon City Mis510JI £IIX) for rooms for CEO ittt¢tyi¢w$ by Tr¢nt ViN¢yard £4110 for NE Cburches Conn¢ci Day by City Church Newcastje £21Kb for Lotmlon Churches Connect Day by Ilford High Road Bap¢ist Church £200 for SW Churches Conn¢ci Day by B¢lmont Church. Exeter £2QO for South Wales Churches Cot￿tel Day by Bethel Cornmunity ChU￿h, N¢wport £2￿ for NW ChuTthes Connect Day by Hwl¢ Baptist Church (HBC). Chesier £2110 for Equipped to WelcoJn¢ ConfercThc¢ {50Q/¢ share) by Glenabbey Church 13. Related Party Thtt¢ w¢r¢ no Telat¢d party transactions over the period 14. Commltn*nts The ¢hMrity op¢ra¢¢s a defined eoniribulions pension scheme. The lssets are held separately from thos¢ of the charity in inilependentiy admini$tered funds. The pett$iort CQSt ¢harg¢ repTe5¢nts contributions payablc by the charity to the fijnds and amounts lo £?5,503 (2024. £32,308). Ar Ihe year end dale att amount of £1.371 {2024.. £1,741} was outstanding, payable to the company sch¢mc 2fter the year end date. 22 WELcof*tE CHURCHES Note5 forming p*rt ofthe FlnAnelAI StAtem¢ni$ for tht Ye•r Ended 31 M4rch 21125- Contlnued 15. Flngnclil Commitment5 There are tto long teTm roTrtrHctual commiiTneots. 16. DebtOTS 2025 2024 Trade debtOTS Prepaymertts Other debtors 58 12,533 4.353 16,944 11.856 2.766 14,622 17. Cash gt bAnk snd ID Included within Cash at bank and tn hand are the following balon¢￿ h¢ld irl fix¢d t¢Em d¢p)sit accotknts. £85,000 in a Stattdard Chart¢Trd Bank 3 month fixed tern) deposit aecount. 18. Credltors 024 Trade creditors Accrnals Other cr¢diloTS 1,078 6,817 6,574 14,469 13,283 6.247 7,585 27,115 23